TKH FRANCE acquired by ARGOS WITYU
Context
Argos Wityu acquired a 60% majority stake in TKH France from its Dutch parent company, TKH Group. The seller reinvested EUR26.5M to retain a 40% minority stake. The deal, valuing the company at EUR118.5M, aims to decouple the French entity to allow for an autonomous buy-and-build strategy in smart buildings and nuclear sectors.
TKH FRANCE, which reported an EBITDA margin of [members only] in 2022, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.
Target
A leading French designer and distributor of smart cabling and connectivity solutions. The group provides technical infrastructure for tertiary and residential buildings, industry, maritime, offshore, and healthcare sectors. It specializes in data transmission and Corporate connectivity.
Ent. Value
€100–350M
Equity Value
[members only]
Multiples
EV / Revenue
below 1.5x
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (EUR)
Similar deals in Construction
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 12/2023 | MANAGEMENT & PRIVATE INVESTORS | ATELIERS DE FRANCE (FORMERLY MERIGUET-CARRERE) | FRANCE | Finishing Works |
| 12/2023 | NORD CAPITAL PARTENAIRES | GROUPE ROGER DELATTRE | FRANCE | Masonry & Civil Eng. |
| 05/2023 | MONTEFIORE INVESTMENT | EXO GROUP | ITALY | Finishing Works |
| 03/2023 | BNP PARIBAS DEVELOPPEMENT / BPIFRANCE / BTP CAPITAL / ESFIN PARTICIPATIONS | GCC | FRANCE | Construction |
| 11/2022 | VEIDEKKE | CONSTRUCTA ENTREPRENØR | NORWAY | Masonry & Civil Eng. |
| 11/2022 | HAL HOLDING | ROYAL BOSKALIS WESTMINSTER | NETHERLANDS | Public Works |
| 07/2022 | PER AARSLEFF | TRYM ANLEGG | NORWAY | Railways |
| 07/2022 | BYGGPARTNER GRUPPEN | ÅHLIN & EKEROTH BYGGNADS | SWEDEN | Masonry & Civil Eng. |
| 07/2022 | TRITON PARTNERS | OCU | UNITED KINGDOM | Utilities Networks (Water/Fiber) |
| 07/2022 | BYGGPARTNER GRUPPEN | FLODÉN BYGGNADS | SWEDEN | Masonry & Civil Eng. |
Other operations with ARGOS WITYU
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 03/2026 | ARGOS WITYU | BÄCKEREI KAMPS | NETHERLANDS | Restaurants / Chains |
| 03/2024 | ARGOS WITYU | ROUTIN | FRANCE | Beverages |
| 02/2020 | ARGOS WITYU | SICURA | ITALY | Security & Guarding |
| 07/2018 | ARGOS WITYU | JURATOYS | FRANCE | Consumer Products |
| 07/2017 | ARGOS WITYU | REVIMA GROUP | FRANCE | MRO (Maintenance, Repair & Overhaul) |
REFERENCES
Valuation range: EV €100–350M
Revenue range: €100–200M
EBITDA range: €5–25M
EV/Revenue range: below 1.5x
EV/EBITDA range: 5x - 12x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TKH FRANCE by ARGOS WITYU are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: tkh france
Acquirer: argos wityu